MTL.L vs. EEE.L

Last updated Jun 4, 2026

MTL.L (Metals Exploration plc) and EEE.L (Empire Metals Limited) are both stocks. Both are in the Basic Materials sector — MTL.L in Gold, EEE.L in Other Precious Metals & Mining. Over the past 5 years, MTL.L returned 45.09%/yr vs 67.22%/yr for EEE.L. At a 0.01 correlation, their price movements are largely independent.

Performance

MTL.L vs. EEE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Metals Exploration plc (MTL.L) and Empire Metals Limited (EEE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTL.L achieves a -11.18% return, which is significantly lower than EEE.L's -9.49% return.

MTL.L

• 1D: -1.46%
• 1M: 4.17%
• YTD: -11.18%
• 6M: 0.00%
• 1Y: 54.82%
• 3Y*: 107.55%
• 5Y*: 45.09%
• 10Y*: —

EEE.L

• 1D: -0.56%
• 1M: 13.50%
• YTD: -9.49%
• 6M: -5.87%
• 1Y: 199.15%
• 3Y*: 150.34%
• 5Y*: 67.22%
• 10Y*: 8.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MTL.L vs. EEE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MTL.L Metals Exploration plc	-11.18%	184.11%	105.77%	112.24%	-15.52%	-12.12%	-10.81%
EEE.L Empire Metals Limited	-9.49%	469.34%	-26.34%	463.64%	43.48%	-69.74%	5.56%

Correlation

The correlation between MTL.L and EEE.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020	0.01

Fundamentals

Market Cap MTL.L : £396.98M EEE.L : £246.55M
EPS MTL.L : £0.02 EEE.L : -£0.01
PB Ratio MTL.L : 1.57 EEE.L : 14.41
Total Revenue (TTM) MTL.L : £350.30M EEE.L : £0.00
Gross Profit (TTM) MTL.L : £127.59M EEE.L : -£113.72K
EBITDA (TTM) MTL.L : £185.80M EEE.L : -£7.61M

Return for Risk

MTL.L vs. EEE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTL.L

MTL.L Risk / Return Rank: 68
MTL.L Sharpe Ratio Rank: 70
MTL.L Sortino Ratio Rank: 68
MTL.L Omega Ratio Rank: 64
MTL.L Calmar Ratio Rank: 70
MTL.L Martin Ratio Rank: 66

EEE.L

EEE.L Risk / Return Rank: 82
EEE.L Sharpe Ratio Rank: 87
EEE.L Sortino Ratio Rank: 84
EEE.L Omega Ratio Rank: 82
EEE.L Calmar Ratio Rank: 84
EEE.L Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTL.L vs. EEE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Metals Exploration plc (MTL.L) and Empire Metals Limited (EEE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MTL.L	EEE.L	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.90	-0.97
Sortino ratio Return per unit of downside risk	1.61	2.67	-1.06
Omega ratio Gain probability vs. loss probability	1.19	1.32	-0.13
Calmar ratio Return relative to maximum drawdown	1.63	3.27	-1.64
Martin ratio Return relative to average drawdown	2.86	4.84	-1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTL.L vs. EEE.L - Sharpe Ratio Comparison

The current MTL.L Sharpe Ratio is 0.93, which is lower than the EEE.L Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of MTL.L and EEE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MTL.L	EEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.90	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.71	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	-0.16	+0.79

Drawdowns

MTL.L vs. EEE.L - Drawdown Comparison

The maximum MTL.L drawdown since its inception was -73.39%, smaller than the maximum EEE.L drawdown of -99.91%. Use the drawdown chart below to compare losses from any high point for MTL.L and EEE.L.

Drawdown Indicators

	MTL.L	EEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-73.39%	-99.91%	+26.52%
Max Drawdown (1Y) Largest decline over 1 year	-33.51%	-60.56%	+27.05%
Max Drawdown (3Y) Largest decline over 3 years	-35.40%	-60.56%	+25.16%
Max Drawdown (5Y) Largest decline over 5 years	-62.50%	-74.59%	+12.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-96.95%	—
Current Drawdown Current decline from peak	-27.03%	-95.78%	+68.75%
Average Drawdown Average peak-to-trough decline	-33.62%	-94.30%	+60.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.14%	40.96%	-21.82%

Volatility

MTL.L vs. EEE.L - Volatility Comparison

The current volatility for Metals Exploration plc (MTL.L) is 16.03%, while Empire Metals Limited (EEE.L) has a volatility of 17.52%. This indicates that MTL.L experiences smaller price fluctuations and is considered to be less risky than EEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTL.L	EEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.03%	17.52%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	39.42%	46.15%	-6.73%
Volatility (1Y) Calculated over the trailing 1-year period	58.86%	104.39%	-45.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.46%	94.37%	-36.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.78%	108.99%	-41.21%

Dividends

MTL.L vs. EEE.L - Dividend Comparison

Neither MTL.L nor EEE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MTL.L and EEE.L in my portfolio?

MTL.L and EEE.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.